Which 5th Circ. Decision Aids for the FERC Bankruptcy Authority

0
By Jonathan Lozano, Robert Grattan and Caroline Ellis (March 22, 2022, 5:42 p.m. EDT) — On March 14, the United States Court of Appeals for the Fifth Circuit revisited the issue of the dismissal of tariff contracts filed in bankruptcy where such contracts are regulated by the Federal Energy Regulatory Commission. The decision marks the first time the Fifth Circuit has addressed the issue since its 2004 decision in In re: Mirant Corp.[1]

In Federal Energy Regulatory Commission v. Ultra Resources Inc., the Fifth Circuit panel upheld findings issued by the U.S. Bankruptcy Court for the Southern District of Texas that (1) FERC cannot require debtor Ultra Resources to it continues to execute a rejected deposited rate contract, and (2)…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

Share.

About Author

Comments are closed.